In SAS or R: 8.8. Refer to Commercial properties Problems 6.18 and 7.7. The vaca
ID: 2932970 • Letter: I
Question
In SAS or R:
8.8. Refer to Commercial properties Problems 6.18 and 7.7. The vacancy rate predictor (X3) does not appear to be needed when property age (X1), operating expenses and taxes (x2, and total square footage (X) are included in the model as predictors of rental rates (Y). a. The age of the property (x) appears to exhibit some curvature when plotted against the rental rates (Y). Fit a polynomial regression model with centered property age (xi), the square of centered property age (x), operating expenses and taxes (x2), and total square footage (X4). Plot the Y observations against the fitted values. Does the response function provide a good fit?Explanation / Answer
Problem 6.18 and 7.7 are not present in the question.
Reference is not attached in the problem. Pease attach complete problem.
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